Green GDP

The concept is evolve recently and first founded by china. But mostly its recognise by whole world now and developing countries like India are also in que to publish such concept in invaluating their economic processes and progress.
But cautiously its dangerous as well, because China fisrt published its report in sep 2006 and suppress that report that was again published in 2007. And the reason was  that report shows financial losses caused by environmental damage was approximate 66 billion USD. Which was pulling economic and polical growth to approximate to zero in many of chinese province. Which was not politically acceptable for chinese government.
Interestingly environment minister Shri Jai Ram Ramesh gave a statement few days back that India is also going to publish the same sort of indicator by 2015. I'm not very much sure if that would be very productive without having such research in the area. If such report causes damage to growth in any sense then what is the purpose to work upon it rather than get that money invested in areas which requires most attention.
Hope so government respond to such projects cautiously. Because lot of public money involved in it.

Reference : I read about Jairam Ramesh statement on Green GDP in financial express 2-3 days back.